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Industrial Flex Space with Freight Elevator

223 NE Troy Street, Fort Walton Beach, FL 32548

For Sale
$1,650,000

Commercial for Sale, Fort Walton Beach, FL

Property SizeContact for details
Lot Size0.91 Acres
Days on Market891

Property Features for 223 NE Troy Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning commercial
Directions From Eglin Pkwy, turn east, Troy St will be the next street. Turn right onto Troy St and the property will be on the left
Subdivision 12 - Fort Walton Beach
Standard status Active
APN 12-2S-24-0460-0025-0110
Lot size 0.91 Acres

Taxes and HOA fees

Tax Description CINCO BAYOU LOTS 11 TO 16 INC BLK 25
Legal Description CINCO BAYOU LOTS 11 TO 16 INC BLK 25

Amenities

climate-controlled bottom floor
freight elevator
under-floor storage
loading dock
exterior rollup doors
Listing Agency: Livin Right Real Estate LLC
Listed By: Matthew N McGee · License FL #3227750
Added: Jun 4, 2024 Changed: Nov 2 Last Checked: Nov 11 at 12:06AM
MLS# 951432

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This commercial flex property combines office, factory, and warehouse functionality within a steel-and-concrete structure. The bottom level, including the factory area, is climate-controlled, while the concrete second floor expands usable workspace. Operational features include 3-phase power, a freight elevator, under-floor storage, a loading dock, and rollup doors serving both upper and lower levels for forklift access.

The property sits on 0.91 acres at 223 NE Troy Street in Fort Walton Beach, near downtown and the Yacht Club/Ferry Park neighborhood. Commercial zoning supports the property’s existing business-oriented configuration, with loading and material-handling infrastructure already in place.

Key Highlights

  • 0.91‑acre commercial flex property in Fort Walton Beach
  • Climate‑controlled bottom floor includes the factory area
  • Steel‑and‑concrete construction with a concrete second floor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Serigraphia (Bike/Boat/Book/etc) Store H R Ellite ... Employment Agency

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Electrical Service (Bike/Boat/Book/etc) Store Pet Grooming Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32548, FL

22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Flex space in Okaloosa County

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • AAspiceislife — 237 troy st ne, fort walton beach, fl 32548

Frequently Asked Questions

What type of property is this?
Flex space - Steel-and-concrete construction includes loading infrastructure, three-phase power, and a freight elevator for functional commercial operations.
Where is this flex space located?
The property is located at 223 NE Troy Street Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 0.91‑acre commercial flex property in Fort Walton Beach; Climate‑controlled bottom floor includes the factory area; Steel‑and‑concrete construction with a concrete second floor
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